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Snoqualmie Pass, Washington Property Taxes

The median property tax rate in Snoqualmie Pass, WA is 1.01%, slightly above both the national median of 0.99% and Washington's state median of 0.88%. With a median home value of $593,000 in Snoqualmie Pass, the typical annual property tax bill reaches $5,937, significantly higher than the national median of $2,690. Property taxes in Snoqualmie Pass are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snoqualmie Pass's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Snoqualmie Pass or another part of King County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Snoqualmie Pass, Washington Property Tax Bill Calculator

$100,000

$2,500,000

$5,000,000

Average Tax Rate

0.88%

Estimate Property Tax Bill

$1,760

$612

SAVE WITH OWNWELL

$1,148

Average Snoqualmie Pass, Washington Tax Savings

Ownwell’s Snoqualmie Pass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snoqualmie Pass with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snoqualmie Pass to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Snoqualmie Pass. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.

Property Tax Rates Across Snoqualmie Pass, Washington

Property taxes in Snoqualmie Pass, Washington, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Snoqualmie Pass is 1.01%, which is slightly higher than the U.S. national median of 0.99%. Local government entities within Snoqualmie Pass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snoqualmie Pass estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Snoqualmie Pass's effective property tax rate to other areas in King County and the national median. For comparison, the zip code 98068 has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Snoqualmie Pass provides valuable insights into the varying tax landscape across King County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Snoqualmie Pass, Washington

Source: Ownwell

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0.15%

0.68%

1.22%

Average Snoqualmie Pass Tax Rate

1.01%

Average King County Tax Rate

0.88%

Average Washington Tax Rate

0.88%

Average United States Tax Rate

0.99%

Property Tax Rates Across Snoqualmie Pass, Washington

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
980680.99%0.99%1.01%1.02%1.02%

Source: Ownwell

Property Tax Assessment Values Across Snoqualmie Pass, Washington

In Snoqualmie Pass, Washington, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the King County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Snoqualmie Pass, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Snoqualmie Pass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area both stand at $5937, specifically in the 98068 zip code.

Property Tax Assessment Values Across Snoqualmie Pass, Washington

Source: Ownwell

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$238,500

$11,294,750

$22,351,000

Average Snoqualmie Pass Assessed Value

$593,000

Average King County Assessed Value

$770,000

Average Washington Assessed Value

$482,000

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Snoqualmie Pass, Washington

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
98068$220,700$311,750$593,000$700,250$859,800

Source: Ownwell

Property Tax Bills Across Snoqualmie Pass, Washington

In Snoqualmie Pass, King County, WA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $593,000, homeowners can expect tax bills ranging from $3,111 at the 25th percentile to $8,498 at the 90th percentile. The highest median tax bill in the area is $5,937, reflecting the significant variation in property values and tax rates within the county. Several factors influence the tax bill, including property location, local levies, and any applicable exemptions. High property taxes can significantly impact homeowners, making it essential to explore potential savings. Ownwell helps homeowners reduce their property tax bills by offering expert tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies or opportunities for exemptions, Ownwell ensures homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Snoqualmie Pass, Washington

Source: Ownwell

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$1,821

$79,930

$158,039

Average Snoqualmie Pass Tax Bill

$5,937

Average King County Tax Bill

$7,093

Average Washington Tax Bill

$4,284

Average United States Tax Bill

$2,690

Property Tax Bills Across Snoqualmie Pass, Washington

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
98068$2,239$3,111$5,937$7,036$8,498

Source: Ownwell

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